ECONOMICS GENERAL COURSE
Unit 1: Personal economic and financial decisions
Economic knowledge and understanding
- taxes on:
- income, including Pay As You Go (PAYG) personal income tax and fringe benefits tax
- consumption, including the Goods and Services Tax (GST) and excise tax.
Economic research
- identify research questions to investigate.
Reasoning, interpretation and analysis
- identify and organise relevant information within sources.
Unit 4 – Macroeconomics
Economic knowledge and understanding
The public sector
- the role of the government in a modified market economy
- the size of the government sector in the Australian economy currently, over time, and relative to other economies
- the size and composition of government revenue and spending in Australia at the commonwealth, state and local government levels.
Taxation
- types of Commonwealth taxes, including personal and income tax, goods and services tax, company tax, capital gains tax, fringe benefits tax and excise duty.
Economic research
- select appropriate print and electronic media sources of economic information and data on the macroeconomy
- apply appropriate methods of recording and organising macroeconomic information, including spreadsheets, graphs and tables.
Reasoning, interpretation and analysis
- identify and organise relevant information within sources.
ECONOMICS ATAR COURSE
Unit 2 – Macroeconomics
Economic knowledge and understanding
The public sector
- the role of the government in a modified market economy
- the size of the government sector in the Australian economy currently, over time, and relative to other economies
- the size and composition of government revenue and spending in Australia at the commonwealth, state and local government levels.
Taxation
- types of Commonwealth taxes, including personal and income tax, goods and services tax, company tax, capital gains tax, fringe benefits tax and excise duty.
Economic research
- select appropriate print and electronic media sources of economic information and data on the macroeconomy
- apply appropriate methods of recording and organising macroeconomic information, including spreadsheets, graphs and tables.
Reasoning, interpretation and analysis
- identify and organise relevant information within sources.